Oil breaks $70

8 Responses to “Oil breaks $70”

1. Avinash on February 5th, 2010 16:47 GMT
   

   1.3598 low on BB.

   Cable holding 1.5600. Low 1.5605.
2. InAndOut on February 5th, 2010 16:52 GMT
   

   crude oil particularly hard hit. any news?
3. Iman on February 5th, 2010 16:58 GMT
   

   InAndOut, I think its just related to falling stocks in the U.S. Fueling risk aversion
4. Bear on February 5th, 2010 16:59 GMT
   

   Must have been the ol Goldies trick of releasing a buy rec whilst lining up the bids….
5. Jamie Coleman on February 5th, 2010 17:09 GMT
   

   Bear, you cynic you… (wouldn’t be the first time, would it?)
6. lilac on February 5th, 2010 17:56 GMT
   

   Clocked your yen cross bear flag warning earlier, Bear, ta.
   No surprise that the USDJPY one hasn’t broken down yet.
   If it does, maybe $ sentiment may turn next week?
   Anyway have a good one all – and thanks.
7. Michael Miller on February 5th, 2010 18:10 GMT
   

   I closed the first position on the usd/yen cross, but have the second still on. The daily chart looks pretty good for some more downward movement, so i’ll try to scrape up what I can. Well, i’m going to make like a tree and leave (lol, dumb)! We have 2 feet of snow heading this way-again!!!!!! Have a great weekend.
8. InAndOut on February 5th, 2010 19:41 GMT
   

   so a hedge fund went belly up?